Neoen Launches 79-MWp Solar Project in Ireland

• Neoen SA breaks ground on a 79-MWp solar farm in Limerick, set to power 16,000 homes by 2026, boosting renewable energy in Ireland.

Neoen SA has initiated construction on a 79-MWp solar project in County Limerick, Ireland, expected to start electricity production by mid-2026. The project, initially proposed at 61 MWp, was upgraded and won a Contract for Difference (CfD) in the 2022 Renewable Electricity Support Scheme 2 auction, securing revenue stability until 2040. This development marks Neoen's first transmission-connected plant in Ireland, increasing its operational or under-construction capacity in the country to 190 MW.

The engineering, procurement, and construction (EPC) works are assigned to Omexom and TLI Group. The photovoltaic farm will provide power for approximately 16,000 homes and will also incorporate sheep grazing. Additionally, Neoen was selected for two other solar projects, totaling approximately 170 MWp, in Ireland's fourth RESS auction last month.

What are the expected benefits and scale of Neoen’s new solar project in Ireland?

Expected Benefits and Scale of Neoen’s New Solar Project in Ireland

• Increased Renewable Energy Capacity: With the addition of the 79-MWp solar project, Neoen's total renewable energy capacity in Ireland will rise to 190 MW, contributing significantly to the country's energy transition goals.
• Cleaner Energy for Households: The solar farm is projected to generate enough electricity to power around 16,000 homes, providing a cleaner, more sustainable energy source to local communities.
• Economic Stability Through CfD: Securing a Contract for Difference (CfD) ensures that the project will receive guaranteed prices for its electricity until 2040, enhancing financial predictability and attractiveness for investment.
• Job Creation: The construction phase of the solar project is expected to create local jobs, boosting the economy in County Limerick while providing employment opportunities in the renewable energy sector.
• Sustainable Land Use: The integration of sheep grazing with the solar panels promotes sustainable land usage. This agrivoltaic approach maximizes land productivity, allowing for environmental benefits while using space efficiently.
• Support for Ireland's Climate Goals: This project aligns with Ireland's ambitious climate action targets, contributing to a reduction in carbon emissions and fostering a transition to a low-carbon economy.
• Technological Advancements: Engaging experienced EPC partners, such as Omexom and TLI Group, signals a commitment to using cutting-edge technology and practices in construction and operation, which can enhance long-term efficiency.
• Future Project Pipeline: Neoen’s success in securing two additional solar projects, totaling approximately 170 MWp, demonstrates the company's growth potential in the Irish market and reflects increasing confidence in renewable energy investments.
• Energy Diversification: The project adds diversity to Ireland’s energy mix, enhancing energy security by reducing reliance on fossil fuels and creating a more resilient energy infrastructure.
• Positive Impact on Local Community: By engaging local stakeholders and implementing community-oriented initiatives, Neoen can foster goodwill and make a positive impact on the residents of County Limerick.
• Contributions to Energy Transition: The new solar project is part of a larger strategy to enhance the share of renewable energy in Ireland's electricity grid, helping to meet both national and EU-wide targets for renewable energy adoption.

These anticipated benefits highlight the importance of Neoen's solar project not only in enhancing local energy production but also in fostering economic growth and sustainability in Ireland.